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Its because the whole system is pretty abnormal and naturally unstable. The US Govt represents only 4-5% of the worlds population, but the US Market controls 4
by jasdi 2y ago
Its because the whole system is pretty abnormal and naturally unstable.
The US Govt represents only 4-5% of the worlds population, but the US Market controls 40-50% of the worlds global market cap value.
The difference between 1930s and today is the powers that be on all sides recognize this is abnormal.
- chii 2y ago> 4-5% of the worlds population why is the assumption that all control must be equally shared? I question the premise competely. If you made it, or invested in it, you own it. It just means that the US made, invested or invented the value that the market deems to be 40-50% of the global marketcap.
- jasdi 2y agoIf you own and control more resources than anyone else, you can make things others can't. But in any ecosystem where other species are growing faster than you are, its natural they will eat into your share, unless the entire ecosystem grows and creates space for everyone. Age of Empires is a model that worked in the past when there were big difference in capabilities and information flowed much slower. Today it flows so fast, that by the time you develop capabilities to react to one thing, something new has already emerged. That doesn't mean people wont mindlessly try to control things like they did in the past. It just means they will fail, overwhelmed by the rate of change.
- bravo33 2y agothis will hold true regardless to think that resources will be shared evenly or even close is wrong it will be even worse with ai and new technology.